Compensation of employees (current LCU) in Cape Verde
Cape Verde: Compensation of employees (current LCU) was 21.70 billion current LCU in 2020. ▲ Rising
Compensation of employees in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Cape Verde recorded 21.70 billion current LCU for compensation of employees in 2020. That is the highest value across all 16 years on record.
That represents a change of up 3.2% on the previous year and up 92.1% over ten years.
Over the whole period, compensation of employees in Cape Verde peaked at 21.70 billion current LCU in 2020 and was at its lowest, 8.90 billion current LCU, in 2005.
That places Cape Verde 100th out of 156 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Compensation of employees (current LCU) in Cape Verde, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 8.90 billion current LCU | — |
| 2006 | 9.38 billion current LCU | +5.4% |
| 2007 | 9.59 billion current LCU | +2.2% |
| 2008 | 9.88 billion current LCU | +3.0% |
| 2009 | 10.87 billion current LCU | +10.0% |
| 2010 | 11.30 billion current LCU | +3.9% |
| 2011 | 11.71 billion current LCU | +3.7% |
| 2012 | 11.73 billion current LCU | +0.2% |
| 2013 | 12.33 billion current LCU | +5.1% |
| 2014 | 12.72 billion current LCU | +3.2% |
| 2015 | 12.86 billion current LCU | +1.1% |
| 2016 | 13.54 billion current LCU | +5.3% |
| 2017 | 13.93 billion current LCU | +2.9% |
| 2018 | 19.43 billion current LCU | +39.5% |
| 2019 | 21.03 billion current LCU | +8.2% |
| 2020 | 21.70 billion current LCU | +3.2% |
Cape Verde compared with similar countries
- Cape Verde's 21.70 billion current LCU is below the median for upper middle income countries, which is 95.94 billion current LCU, 23% of the median. (47 countries reporting)
- Cape Verde's 21.70 billion current LCU is below the median for Sub-Saharan Africa, which is 317.20 billion current LCU, 7% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +39.5% | 13.93 billion current LCU | 19.43 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.72 billion current LCU | 8.90 billion current LCU | 10.87 billion current LCU | 5 |
| 2010s | 14.06 billion current LCU | 11.30 billion current LCU | 21.03 billion current LCU | 10 |
| 2020s | 21.70 billion current LCU | 21.70 billion current LCU | 21.70 billion current LCU | 1 |
Countries ranked near Cape Verde
More public sector data for Cape Verde
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 3.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 5.84 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2019)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2019)
Frequently asked questions
- What is compensation of employees in Cape Verde?
- Compensation of employees in Cape Verde was 21.70 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Cape Verde?
- The highest recorded value was 21.70 billion current LCU in 2020.
- What is the lowest compensation of employees recorded in Cape Verde?
- The lowest recorded value was 8.90 billion current LCU in 2005.
- How does Cape Verde rank for compensation of employees?
- Cape Verde ranks 100th out of 156 countries with data for 2020.
- Is compensation of employees rising or falling in Cape Verde?
- Over the last ten years it is up 92.1%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.